Global pharmaceutical company Mylan has signed a definitive agreement to acquire certain female health care businesses from India-based oral contraceptive pill manufacturer Famy Care for US$750 million, plus additional contingent payments of up to US$50 million, facilitating an exit for Asia-focused private equity firm AIF Capital. AIF Capital originally invested… Read More
Latin America-focused private equity firm Southern Cross has agreed to acquire a 70 percent stake in Brazil-based temporary storage solutions provider Tópico. The company intends to use the funds to bolster its operations in Brazil by opening new branches and to expand to other Latin American countries, including Mexico, Colombia… Read More
South Korea-focused private equity firm Hahn & Company has held a final close on its second South Korea buyout fund with US$1.2 billion in capital commitments, reaching the fund’s hard cap. The final close came in the first week of December. Hahn & Company also raised a separate US$700 million… Read More
China-focused private equity firm CITIC Private Equity and water treatment company Beijing Enterprises Water Group have agreed to acquire a majority stake in Hong Kong-listed cigarette package maker Jin Cai Holdings for approximately HKD3.75 billion (approximately US$484 million). The transaction will be structured through CITIC Private Equity Funds II and… Read More
Global growth markets investor The Abraaj Group has acquired a stake in BRN Yatak Baza Ev Tekstili İnşaat Sanayi Ticaret (BRN Sleep Products), a Turkey-based mattress and sleep products manufacturer, in partnership with development finance institution EBRD. Financial details of the transaction, which was structured through Abraaj’s Anatolia Growth Capital… Read More
Private investment fund manager One Thousand & One Voices has invested in South Africa-based RedSun Dried Fruit & Nuts, a processor and distributor of raisins. The company intends to use the financing to double its current workforce over the next year. Financial details of the transaction, which was structured through… Read More
Global investment firm Tiger Global has led a Series A financing round for Brazil-based taxi app 99Taxis. Previous backers Monashees Capital, a Brazil-focused venture capital firm, and Qualcomm Ventures, the global investment arm of Qualcomm, also participated in the round. The company intends to use the investment to strengthen its… Read More
Central Europe and Turkey-focused private equity firm Mid Europa Partners has signed a binding agreement to acquire a controlling interest in Danube Foods Group and Clates Holding (together Danube Foods Group). Danube Foods Group is a branded fast-moving consumer goods platform operating in the former Yugoslavia. It includes an independent… Read More
India-focused private equity fund manager IL&FS Investment Managers (IIML) has reached a first close on Tara India Fund IV with US$40 million in capital commitments. IIML is reportedly targeting US$75 million for the sector-agnostic fund. Read More
Cordiant Capital, a fund manager specializing in emerging markets investments, and development finance institution International Finance Corporation (IFC) have provided a financing facility to Tanzania-based solar leasing company Off Grid Electric. The new facility consists of a US$4.5 million loan provided through the IFC Cleantech Innovation Facility and an additional… Read More
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